compensate black citizens for slavery and racial discrimination. it proposed $220,000 per person now up to $360,000. the total price tag could top half a trillion dollars. no indication how the cash-strapped state would pay for it. kelly o grady from fox business is live in los angeles crunching the numbers. how does it add up? that s right. the first in the nation task force is now examining a variety of reparations proposals with roughly 1.8 million african-american americans in california it could cost the state as much as 640 billion. the task force came to that figure colonel law rarityed to housing chris crime nation and health hairs. not all proposals have cash. many have land and services. the task force has until july 1st to submit final recommendations. hundreds voiced their support for cash payments, grants of
trial. he goes to the rest of the oligarchs in size, what do you want. bill: that s a mob boss. that s pure extortion plain and simple. bill: this is what he does. he steals money from other people and he steals money from the russian states. he s been doing it for 20 years. he s become the richest man in the world, even elon musk has acknowledged that. dana: but he cannot access that money right now? or he can? bill: the thing is, the money is held with the oligarchs. when we freeze the assets of the oligarchs, we are freezing vladimir putin s assets as well. dana: is it having any effect? bill: absolutely is having an effect. vladimir putin started this war thinking is a very rich man. he had $640 billion in his central bank. his war chest. he had all of his money offshore. he thought yeah maybe they could do a bit here and a bit there. but my money s going to be okay. we froze the central bank money and about $350 billion he does not have access to. we re starting to fre
person who they can into ukraine. that will just get people shot and killed by road side bombs each day. bringing in our reporter. how is putin trying to mitigate the damage right now? can he mitigate the damage? it seems as if he s struggling to do that. that is as a result of the fact that russia, even though they ve been building their $630, $640 billion in reserves as a buffer to any sanctions that could come down the pike, they don t have any access yesterday, we talked
can t access is because that s money they have over 640 billion in reserves, that s money they could use to prop up the ruble and finance the violence machine in ukraine now and now they won t be able to do that. what you re talking about s, the 640 approbillion in reservee rainy day fund putin has been amassing to insulate himself for this very occasion. why this time can t he access it? that s right. the reason he can t access it is because the sanctions that have been announced prohibit u.s. persons and european persons from and persons, individuals and businesses from engaging in any transactions with the central bank. that doesn t mean their assets are frozen. there are no transactions that are allowed then the money can t be accessed for use. it doesn t shield president
different actually. if you look at the options themselves. because russia is so well integrated into the international financial system because they traded so much all around the world. in particular, with the united states and europe, and these are the major countries like, australia, canada, japan. wielding the sanctions. that is why i say they are unprecedented. because of the pain that they can inflict. we ll be all the greater. and when you have a country that is integrated that well into the international financial system and doing trade with all of these countries, it presents post an opportunity and a challenge. the opportunity is that you can siphon off more money. you can probably freeze more assets. the very fact that they had these foreign reserves and had over 640 billion dollars in foreign reserves. including about 60% in u.s. dollars. it is astronomical. and it shows by the way, that president putin did not expect this kind of move.